By Angela McDaniels
Seattle, Aug. 21 - Barclays Bank plc priced a $2 million issue of zero-coupon 100% principal-protected notes due Feb. 20, 2009 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index remains above the lower barrier and below the upper barrier throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return. If the index hits or crosses either barrier, the payout will be par.
The upper and lower barriers are 29% above and below the initial index level, respectively.
Barclays Capital is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2 million
|
| Maturity: | Feb. 20, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus absolute value of index return if index remains within the barriers; otherwise, par
|
| Initial index level: | 786.03
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 22
|
| Agent: | Barclays Capital
|
| Fees: | 2.5%
|
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